Pinduoduo's Zhao Jiazhen: Industry competition is inevitable, but do not overly focus on competitors' actions.

At the earnings call of Pinduoduo tonight, Pinduoduo Group's executive director and co-CEO Zhao Jiazhen said that in the past few quarters, the industry has entered a new round of investment cycle, and Pinduoduo believes that competition is inevitable in this industry landscape. Facing the rapid changes in the industry, Pinduoduo mainly focuses on empowering consumers, merchants, etc., and will not overly focus on short-term industry trends and competitors' movements. In the near future, Pinduoduo will further increase strategic projects similar to "supporting billions".